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Germans Favor Real Estate for Pensions, Survey Finds

Jan. 3 (Bloomberg) -- Most Germans view real estate as the safest way to save money for retirement and don’t want stocks to be part of their pension, a Union Investment survey showed.

The poll of 500 financial decision makers showed 85 percent consider real estate ownership as the most reliable investment, while 37 percent view so-called Riester saving plans as secure, the fund manager said in a summary of the findings today. Seventy percent of the people surveyed regard state pensions as unsafe.

Germans are skeptical of buying equities, with 58 percent of respondents saying that stocks and funds shouldn’t be part of “good” planning for old age. About two-thirds of 20- to 29-year-olds hold that opinion, Union Investment said.

Forsa, a polling company, conducted the quarterly survey of people between 20 and 59 with at least one investment from Nov. 5 to Nov. 14, according to the fund manager.

To contact the reporter on this story: Nicholas Comfort in Frankfurt at ncomfort1@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net

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